Form 8-K - Current report
27 Noviembre 2023 - 4:20PM
Edgar (US Regulatory)
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date
of Report:
November
27, 2023
Gaucho
Group Holdings, Inc.
(Exact
name of registrant as specified in its charter)
Delaware |
|
001-40075 |
|
52-2158952 |
State of |
|
Commission |
|
IRS Employer |
Incorporation |
|
File Number |
|
Identification No. |
112
NE 41st Street, Suite 106
Miami,
FL 33137
Address
of principal executive offices
212-739-7700
Telephone
number, including area code
Former
name or former address if changed since last report
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions (see General Instruction A.2. below):
|
☐ |
Written communication pursuant
to Rule 425 under the Securities Act (17 CFR 230.425) |
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☐ |
Soliciting material pursuant
to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
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☐ |
Pre-commencement communication
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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☐ |
Pre-commencement communication
pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405)
or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging
growth company ☒
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class |
|
Trading
Symbol(s) |
|
Name
of each exchange on which registered |
Common Stock |
|
VINO |
|
The Nasdaq Stock Market
LLC |
Item
8.01. Other Events.
Gaucho
Group Holdings, Inc. (the “Company”) will be raising funds for working capital for gross proceeds of up to $4,000,000 through
the sale of shares of common stock at a price per share which equals the Nasdaq Rule 5653(d) Minimum Price definition, but in no event
at a price per share lower than $0.60) (the “Private Placement”). Each investor in the Private Placement will be afforded
certain anti-dilution protections for a period of 18 months following each closing of the Private Placement, pending approval by the
stockholders at the Company’s Special Meeting of Stockholders scheduled for December 28, 2023. If, during the 18-month period following
each closing of the Private Placement, the Company issues or sells any shares of common stock of the Company (a “Dilutive Issuance”),
then each participant in the Private Placement will automatically be issued such number of shares of common stock as is necessary to
maintain the percentage ownership that such participant would have had if the Dilutive Issuance had not occurred.
The
Company presently intends to use the net proceeds from the Private Placement to extinguish debt, fund infrastructure development at Algodon
Wine Estates, and for general working capital. The Company anticipates that the Private Placement will be completed within a month from
date of commencement.
The
Private Placement will be conducted pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”)
and/or Rule 506(b) of Regulation D promulgated under the Securities Act. The shares will only be offered to a small select group of accredited
investors, as defined in Rule 501 of Regulation D, all of whom have a substantial pre-existing relationship with the Company. The shares
will not be registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable
exemption from the registration requirements of the Securities Act and other applicable securities laws. The shares constitute “restricted
securities” and shall bear a restrictive legend.
This
current report on Form 8-K is issued in accordance with Rule 135c under the Securities Act, and is neither an offer to sell any securities,
nor a solicitation of an offer to buy, nor shall there be any sale of any such securities in any state or jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Item
9.01 Financial Statements and Exhibits.
104 |
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Cover Page Interactive
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SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized, on the 27th day of November 2023.
|
Gaucho Group Holdings, Inc. |
|
|
|
|
By: |
/s/ Scott
L. Mathis |
|
|
Scott L. Mathis, President & CEO |
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